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Mass customization

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10 min read

Mass Customization or Key to Customers’ Hearts

What if we tell you, you can buy customized things without paying extra money?   Do you think it’s a utopia? It’s not!   Producing customized items by charging mass-market prices is a relatively new…

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Resent Posts

What is a serial number What is a serial number

Interesting Inventory Management

What Is a Serial Number and Why Do I Need It?

You have probably seen serial numbers many times, as most of your surrounding products have one. In the case of hardware products, you can see serial number on the device’s surface. Software product serial numbers…

9 min read
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law of diminishing marginal productivity tmb law of diminishing marginal productivity tmb

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The Law of Diminishing Marginal Productivity Explained Simple

There are several economic concepts that entrepreneurs should consider when producing goods. The law of diminishing marginal productivity is one of them.    In simple words, it helps determine the point after which the utility…

8 min read
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How can e-commerce email marketing benefit you?

It is undeniable that emails are one of the most common mediums of digital communication. That is why employing them for marketing purposes is essential. Ecommerce Email marketing is a practical and efficient strategy. It…

12 min read
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Amazon Central Amazon Central

Interesting Inventory Management

Economic Order Quantity: Assumptions and formula

Economic Order Quantity, also known as EOQ, is a production-scheduling model, which was first developed by an American production engineer Ford Whitman Harris in 1913. The purpose of EOQ is to determine the perfect order…

8 min read
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catalog management catalog management

Interesting Multichannel Sales Wholesale Management

What is catalog management and how to improve it?

There is no doubt that digitalization has changed our traditional shopping experiences. We go through the online store accounts of our favorite brands or multi-brand platforms to explore new trends, products on the market, etc. …

9 min read
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Lead time Lead time

Interesting Inventory Management

What is Lead time in inventory management? The formula

When a customer places an order, many processes happen until they receive the ordered products. Despite the quality of the goods, customers also care about the delivery time. From the business perspective, that is the…

9 min read
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Workflow automation Workflow automation

Interesting Inventory Management

What is workflow automation? What benefits does it have?

Manual data entries and other repetitive everyday tasks can be extremely tedious, boring, and inefficient. Despite that these types of tasks make you sleepy, they also waste valuable time and resources while cutting down your…

8 min read
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wholesale price calculator wholesale price calculator

Interesting Multichannel Sales

What is Wholesale Price Calculator and how to use it?

Pricing is a strategic issue for any business operating in a modern competitive market. Setting the right price is one of the major issues that each company has to solve. Knowing how to deal with…

9 min read
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Days inventory outstanding Days inventory outstanding

Interesting Inventory Management

Days Inventory Outstanding | How to calculate it?

As defined by Investopedia, Days inventory outstanding (DIO), also known as Days Sales of Inventory (DSI) and Days in Inventory (DII), is a financial ratio used to measure the average number of days that a…

8 min read
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What is Product Packaging?

Almost every product that we get from the modern marketplace has packaging, be it food or beverage, technology, cosmetics, medicine, clothes… basically everything.   The primary purpose of packing was aimed for the convenience of…

9 min read
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order to cash process order to cash process

Interesting Inventory Management

The Order to cash process (O2C)

What is the order to cash (O2C) process?   The order to cash process is the complete order processing cycle run by a business or a company. The process begins from the very moment the…

10 min read
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how to keep track of inventory how to keep track of inventory

Interesting Inventory Management

How to keep track of inventory? | Here is the answer

What is inventory tracking?   The answer to “how to keep track of inventory?” refers to managing the quantity of the goods purchased and sold by the company throughout the business operations.    Whether you…

11 min read
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purchase order template purchase order template

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Purchase order template | Main types with examples

Business executives sometimes take purchase orders as an unnecessary effort. They feel like verbal agreements and deals are reliable in business relations, including purchasing processes. However, that strategy is a big NO. Purchases are the…

9 min read
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Interesting Tutorials

Inventory carrying cost formula | How to calculate?

Inventory carrying cost is an accounting term used to refer to the sum of all business expenses that occur while holding and storing unsold goods. Those costs include material handling and transportation, warehousing, insurance and…

8 min read
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order management process order management process

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Order management process | Tips to know

From the point of your order placement to your final reception, there is a huge background process going on. That process is order management. It refers to controlling and tracking customers’ orders and taking all…

9 min read
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